Did you apply for life insurance quote but your health status or any other reasons best known to you made it impossible for your request to be approved? Why not purchase a term life insurance no medical exam policy? Many peoople, in the recent times, are buying this policy not only due to its openess but also the numerous merits attached to it. Some of which are:
Reliability
There have been very few insidences of applicants' proposal being rejected. This is due to the openess of the policy and reduced simple terms and conditions that are in the contract. When it comes to the old traditional policy, many people are denied cover due to their health conditions, occupation and at times their mode of living.
Lifestyle
In the case of the old policy where mandatory exam is required, an applicant who engages in risky activities such as rock climbing or sky diving may be denied cover due to the risk they face everyday. However, this policy does not lock out any applicant due to their way of living or what they engage in to put bread on the table. Hence you can rock climb your way to a company offering these poicy and be certain to be covered.
Ease of application
Applying for this quote is fairly easy. There is a no headache guarantee from the application stage to the approval stage. Online application has also made it a walk in the park, and within few minutes of stress free application, you get your quote instantly. This is however not the case when it comes to the old traditional policy since there is long procedures and delayed approval.
Health Status
A person's health status can be a limitation whenever it comes to applying an insurance cover in the old traditional policy. Many insurance companies offering the old policy are re...
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...pplication
The increased flexibility that has come along with this ppolicy iis overwelming. You can easily apply for your quote online and within a few minutes your quote gets approval. Many people are getting cover in the comfort of their homes thanks to the introduction of the online applpication. It is also possible to make your payment on the internet all credit to the various onllijne payment methods that are readily avaiLable in many locations.
Reduced paperwork
Arte you tired of having to fill several paperworks just to get approval of your quotes? You need not to be worried, this policy has very little or suprisingly no paperwork at all in some instances. All you have to do is fill up some online application form that may only take you a few seconds and that is all you need. Conversations substitute the paperwork in case any clarification is necessary.
This could be controversial, if older, sicker people who need the coverage most enter the market, but younger groups decline to do so. The insurance pool will be unbalanced and the cost of coverage will rise correspondingly. The process of choosing a health insurance provider should be more consumer friendly. People covered by their employer can clear their doubt about health insurance by conversing with the Human Resource department, whereas people who buy through marketplaces or health insurance exchanges, as in the case of ACA, may not have any resource to give further explanation.
COBRA was passed in 1986 and provides guidelines for continuous health coverage in case of sudden loss of a job or even death among other situations that cannot be avoided. Employees as well as employers have to participate in the program to make it effective. The employees are guided by the “Employee Benefits Security Administration” and the “Employee Retirement Income Security Act” to fill out forms of compliance. The law was designed to find temporary solutions for continued medical insurance so that the unemployed can still enjoy and access healthcare facilities despite the financial misfortunes that may render them unable to support themselves as well as their families as they find a permanent solution (Magill, 2009).
Kip Kinkel killed his parents and killed two students. He open fired at Thurston High School, killing two students and injuring twenty-five. Kinkel had a very tough childhood. His relationship with his father, friends and family played a big role in this horrible event. The day he killed his parents and open fired in the high school and day that will not be forgotten. This event injured many people, made many people upset, and gave many other young kids an idea about bringing violence to their own school.
The Affordable Care Act introduced a plan that would allow Americans with pre-existing conditions to obtain health insurance without the hassle of being turned down or fear of being charged higher premiums. The Pre-Existing Condition Insurance Plan was effective as of July 1, 2010. It allowed patient access to affordable healthcare in which they were previously denied due to their pre-existing condition (Affordable Care Act Summary, n.d.). Patients were required to be uninsured for at least six months before they obtained this form of health insurance. In January 2014, the PCIP plans no longer exist due to funding issues so Amer...
The intent is to create a healthcare system where health insurance coverage is available to everyone. Coverage is through a joint effort of the government, employers, and individuals. A disparity in coverage often occurs within vulnerable populations. This includes children, unemployed and retired individuals, along with their families. They are more likely to have limited access to healthcare while having an increased need for medical services.
Another downfall to HMO coverage is selective-contracting. This is a process where hospitals deny treatment to patients because their...
Secondly, health insurance policies are inconsistent, expensive, cumbersome, hard to discern, full of fine print and contain many loopholes. Most Canadians face a huge tax burden, rising cost of living and will not be able to pay for these additional medical expenses out of the pocket. To offload risk, most indiv...
Health insurance is currently an important issue in the United States. Everyday more and more Americans become uninsured due to job loss and an increase in premiums. These Americans add to the ever growing population of 45.7 million people who are currently uninsured (Bialik). Moreover only 27% of those uninsured are under the age of 65 (NCHC). This is staggering considering most of those who are uninsured have, or soon will, suffer from some sort of illness or injury. As a result they will not be able to afford proper treatment. Insurance premiums can range in cost from fifty dollars per month, to fifteen hundred dollars per month (Kreidler). An individual’s premium is determined by factors they choose as well as other factors looked at by their provider. The cost of health insurance in America varies depending on the controllable factors, like particular insurance policies, and uncontrollable factors, like age.
Kelly, Mark; Koula, Donald; Westfall, Laura, (August 2010). Compensation and Benefits Insight. Interim Final Regulations Under PAACA: Pre-existing Condition Exclusions, Lifetime and Annual Limits, Rescissions, and Patient Protections. Retrieved on Feb. 1, 2011 from http://www.kslaw.com/library/publication/HH082310_Westfall.pdf
However, MSAs alone have not achieved the goal of universal access. The continued concerned is that MSAs have not helped unemployed persons or low- and middle-income persons who cannot afford to contribute to such accounts. These accounts, in some cases, have even resulted in reduced health insurance protection and greater out-of-pocket expenses for those most in need of health care services. Problems of adverse risk selection have also taken place when a healthy person has chosen to establish MSAs and obtain high-deductible health insurance; this choice has sometimes caused premiums to become less affordable for persons who desire traditional health insurance.
The Lack of health insurance coverage is most often the result of a combination of things. These factors include employment status, financial conditions and even health problems.(Feldman 2012) These three things can been seen as reasons why coverage can be difficult to obtain. In most states, insurers may deny applicants for coverage completely. They often try to impose either a permanent or temporary existing condition that puts limitation on your coverage. some may even charge a higher premium based on your health status your occupation, and other personal characteristics . (Institute 2009) .For those people who consider themselves as self-employed who want to buy their own private health insurance, can be twice as expensive as that that is being offered through employers. (Feldman 2012)
Long-term care insurance is also required for those older than 40. As Dr. John W. Traphagan notes in The Diplomat, Japan controls costs by setting flat rates for everything from medications to procedures, thus eliminating competition among insurance providers. While most of the country 's hospitals are privately owned and operated, the government implements smart regulations to ensure that the system remains universal and egalitarian.”
This concept was a hard one to grasp. For my interview summary papers, I decided to interview my preceptor over the health care and different insurance policies. One thing that was brought up was the requirements on the insurance policies constantly changing. It could be one way the first day but then they add more information that will eliminate several people from getting that insurance. There are medical insurance companies that provide help for people who are do not make enough money but they often will deny people service due to making too much money.
Weeks, C. (2012, January 1). Health insurance and 'genetic discrimination': Are rules needed? The Globe and Mail. Retrieved on February 3, 2014 from: http://www.theglobeandmail.com/life/health-and-fitness/health-insurance-and-genetic-discrimination-are-rules-needed/article4197442/
Although insurance has been around for centuries, Sidney R. Garfield, a young surgeon, took the initiative and laid the foundation...